Excelsoft Technologies: Building a global footprint
Excelsoft Technologies Ltd, known for its domain-driven technology solutions in the learning and assessment space, has shown impressive traction in the last few years. Founded in 2000 and headquartered in Mysuru, the company has grown at a CAGR of over 17 per cent since FY20, clocking revenue of Rs233 crore in FY25. It is looking to maintain this momentum going ahead as it gears up for its next phase of growth.
The global vertical SaaS company has recently repositioned itself in the market. On the one hand, Excelsoft, a B2B technology partner serving publishers, universities, enterprises and testing organisations across global markets, has ramped up its sales and marketing infrastructure to service its customers directly. On the other hand, it has introduced an array of highly specialised products and services to acquire large marquee customers in the global market. Currently, around 85 per cent of its business comes from the US and Europe (primarily the UK; India’s share is around 5-6 per cent). Moreover, the online learning and exam proctoring market received a massive boost during Covid and thereafter. The company provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide.
“No doubt, the last few years have been quite eventful for us as we have witnessed strong growth in our business. After being in the industry for many years, we realised that we have to be present where our customers are and hence started building our teams in those overseas locations. This gave us direct access to them and enabled us to serve them better and win their confidence. What also helped us is that during Covid and post that, there has been a massive structural change in our space as education institutions and assessment bodies went online through proctoring technologies,” says Adarsh Sudhindra, Chief Innovation Officer, Excelsoft Technologies.
“Moreover, the way we differentiate ourselves is primarily through our domain depth. We have been in this industry for over 25 years now and we understand how education works, how assessment works. All in all, Excelsoft is not a commodity coding business. We are a domain-led product and workflow company, and we operate in a very trust-intensive sector where high-stakes examinations and tests are conducted on our platforms,” adds Adarsh.
Excelsoft focuses on the high-stakes assessment market through its AI-based assessment and proctoring solutions, which support qualifications and certification bodies, awarding and credentialing bodies, admission test councils, companies and government entities. In the academic sector, its products are used in schools and universities across the globe to run end-to-end examinations. This includes question creation, test construction, delivery, marking, report generation and smart analytics. Its products are configurable and customisable to meet diverse market requirements.
The quality of its platforms, its client base and the reputation of the brand have driven the company’s growth, enabling it to expand its global footprint in the learning and assessment market, competing with global and regional players such as RM Assessment, Inspera, Surpass Assessment, Talview, Honorlock, Enthral.ai, Unberry, Babblebots.ai, MRCC and Aptara.
With platforms like SARAS, EasyProctor, EnablED and OpenPage, Excelsoft has built deep domain expertise and solutions that are already trusted by institutions across more than 20 countries, including the US, the UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, the UAE and Canada. A large number of high-stakes tests and examinations globally are conducted on Excelsoft platforms. While India’s share in the clientele is relatively low at present, the company is looking to expand its footprint going ahead.
Excelsoft employs over 1,100 professionals and has earned the trust of some of the world’s most demanding examination bodies and learning institutions. Catering to more than 100 clients globally, it offers products and services that encompass the entire lifecycle of learning and assessment. The company was listed on the BSE and NSE in November 2025 with a public issue of Rs500 crore. Share has recently traded between Rs80-90.
“We have come a long way since Excelsoft was founded two and a half decades ago. The company today operates in over 20 countries and has earned the trust of some of the world’s most demanding examination bodies and learning institutions. Our listing on the Indian stock exchanges is not just a financial milestone; it is a validation of what is possible when a company from a small city like Mysuru chooses to compete globally without compromising on quality or integrity. The listing is not the destination; it is the platform. The next chapter is about leveraging that credibility, that capital and that talent to pursue something far more ambitious – to make truly equitable, technology-enabled learning and assessment a reality for every learner, in every corner of the world,” states Dhananjaya Sudhanva, Chairman & Managing Director, Excelsoft Technologies.
“Global learning and assessment are being fundamentally reshaped, and Excelsoft is stepping into that moment with intent. With platforms like SARAS, EasyProctor, EnablED and OpenPage, we have built deep domain expertise and solutions that are already trusted by institutions across multiple countries. That combination of capability and credibility gives us a strong foundation to scale from,” says Doreswamy P, CEO, Excelsoft Technologies.
“The focus now is on acceleration with discipline. We will expand further across key markets including North America, the UK, Asia and high-growth emerging regions, going deeper where we have the right to win. At the same time, we will continue to invest in innovations that solve real, high-stakes challenges in education, while accelerating platformisation to drive scalability and repeatability. We are also expanding into adjacent industry segments where our core capabilities may be reimagined. Ours is not a turnaround story; it is a scaling story. Excelsoft has built something credible and rare. Now, it is about taking it to the next level, with ambition, clarity and intent,” adds Doreswamy, who was recently appointed CEO to lead the company into its next phase of growth.
A chartered accountant by qualification, Doreswamy brings over 25 years of diverse leadership experience spanning technology, services and financial management. He has held senior leadership roles at organisations including ISS, Quess Corp, SMS and KPIT, where he contributed significantly to business growth, operational excellence and strategic transformation.
Excelsoft has built a diversified portfolio of cloud-based platforms that cater to the global learning, assessment and education technology ecosystem. Its offerings are designed as modular, AI-enabled solutions that institutions, publishers, corporates and governments can deploy individually or as an integrated stack.
At the core of Excelsoft’s portfolio is its assessment and testing ecosystem, anchored by platforms such as the SARAS suite. These solutions enable end-to-end digital examination management: from test creation and delivery to evaluation and analytics. A key innovation here is ‘SARAS Assessment in a Box’, a plug-and-play solution that allows institutions to set up secure testing environments quickly, even in distributed or remote settings. The platform incorporates AI-driven features such as automated proctoring, question randomisation and fraud detection, making it relevant for high-stakes exams, certification bodies and government testing programmes.
Closely linked is Excelsoft’s online proctoring platform, which uses artificial intelligence and machine learning to monitor candidates during remote exams. It can detect suspicious behaviour, ensure identity verification and maintain exam integrity without physical invigilation. This capability has become a critical differentiator, especially with the global shift towards remote learning and testing.
Another important pillar is the Learning Experience Platform (LXP). This cloud-based system is designed to deliver personalised learning journeys for students and professionals. It integrates content delivery, adaptive learning paths, collaboration tools and analytics. The platform leverages AI to recommend content, track learner progress and improve engagement, making it suitable for universities, corporate training programmes and edtech providers.
Excelsoft also offers a Student Success Platform, targeted at higher education institutions. This solution focuses on improving student outcomes by combining academic tracking, predictive analytics and engagement tools. By analysing learner behaviour and performance data, institutions can identify at-risk students early and intervene proactively – an increasingly important requirement in outcome-driven education systems.
In the content domain, the company has developed a digital eBook and publishing platform, which provides an end-to-end ecosystem for creating, distributing and consuming digital learning content. This includes interactive eBooks, multimedia enhancements and accessibility features. The platform is widely used by publishers and K-12 education providers to deliver engaging, device-agnostic learning experiences.
Complementing these is Excelsoft’s content services and AI-powered applications layer. The company provides customised content development, localisation and instructional design services, often integrated directly into its platforms. Additionally, its AI capabilities – supported by analytics frameworks such as Cognowise – enable advanced reporting, predictive insights and adaptive learning models.
Overall, Excelsoft’s platforms are unified by a few defining characteristics: cloud-native architecture, AI integration, scalability, and interoperability through open APIs. This allows clients to deploy individual modules or build comprehensive digital learning ecosystems tailored to their needs. The company’s strategy of combining platforms with services positions it as a full-stack edtech SaaS provider rather than a single-product vendor, enabling long-term enterprise relationships and recurring revenue streams.
In the assessment and learning space, global clients use Excelsoft’s platforms to conduct their tests and examinations. A government transport licensing and standards authority responsible for administering high-stakes licensing and compliance assessments in a European country depends on the Excelsoft platform. Similarly, a regulatory training and certification body in a Southeast Asian country, supporting professional licensing assessments in the capital markets sector, has partnered with Excelsoft. Other clients include a leading awarding body responsible for administering school-level qualifications and examinations in a major western economy; an awarding organisation supporting regulated qualifications and assessments for vocational education and training in Europe; and a Europe-based vocational and technical qualification-awarding body supporting skills-based assessments across multiple sectors.
In addition, a national assessment authority (like CBSE in India) supporting school-level examinations in a major Asian country conducts its examinations on the Excelsoft platform. High-stakes examinations of a state-level civil service authority responsible for administering merit-based recruitment and eligibility assessments in one of the largest states in the US are powered by Excelsoft technology. A national civil service commission responsible for administering eligibility and recruitment examinations in a leading Southeast Asian country also uses the company’s platform. The company’s clientele also includes a global education assessment body supporting admissions into graduate professional programmes, a digital-first higher education institution in the US administering competency-based assessments for degree programmes, and a Latin America-based e-learning and secure assessment services provider supporting high-stakes examinations for regulated sectors.
“Globally, very few companies have the ability to conduct high-stakes examinations with close to zero per cent security breaches, and we are one of them. This is what helps us continue to grow, improve our margins and remain strategically relevant. From an innovation standpoint, our focus at Excelsoft is not just on building features, but on solving some of the most complex, trust-intensive challenges in learning and assessment at scale. We operate in an ecosystem where reliability, security and fairness are non-negotiable, and that’s where our domain-led approach gives us a distinct edge,” says the CIO.
“Our innovation strategy is deeply rooted in full-stack AI adoption – moving beyond surface-level integrations to building and fine-tuning models that are purpose-built for assessment workflows. Whether it is AI-assisted question generation, adaptive testing, or enabling more consistent evaluation of handwritten responses through human-in-the-loop systems, we are leveraging AI to enhance both efficiency and integrity. At the same time, innovations like SARAS Assessment in a Box reflect our commitment to solving real-world constraints, bringing secure, scalable assessment infrastructure to even the most remote or bandwidth-limited environments,” adds the official.
With all these developments in place, Excelsoft is set to commence its next phase of growth. The company stands out as a quietly resilient player in the global learning and assessment technology landscape, underpinned by its deep domain expertise and robust suite of proprietary platforms. A key differentiator for the company is its specialised assessment solutions, which enable institutions and certification bodies to design, deliver and evaluate exams at scale with high levels of security, reliability and analytical depth.
Alongside its broader learning and content solutions, this strong assessment capability enhances Excelsoft’s positioning as a comprehensive partner rather than a point-solution provider. The company’s ability to cater to diverse segments – K-12, higher education and professional learning – combined with its global client base, provides a stable foundation for growth going ahead. While the edtech space remains competitive and subject to rapid technological shifts, Excelsoft’s continued investment in platform innovation, including data-driven insights and AI-led enhancements, should help sustain its relevance.